Product Code: CH 4552
The extrusion coatings market size is projected to reach USD 7.5 billion by 2029 at a CAGR of 3.6% from USD 6.3 billion in 2024. The Asia Pacific region contributes significantly towards the extrusion coating market for the following reasons. Urbanization and industrial growth specially in the Asian countries like China, India and other Southeast Asian countries have led to the higher demand of extrusion coating material in the different fields. The increase in the manufacturing industry of these countries due to government support and other schemes increases this demand. Furthermore, the continuously expanding packaging sector due to being driven by increasing consumer needs and shifts in the populace's daily routine requires better extrusion coatings to increase the durability and shelf-life of the product.
Scope of the Report |
Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million/Billion) |
Segments | By Material Type, By Substrate, By Technology, By Application, By Region |
Regions covered | Asia Pacific, Europe, North America, Middle East & Africa, and South America |
"LDPE, by material type is forecasted to be the fastest growing extrusion coating market during the forecast period."
LDPE (Low-Density Polyethylene) is one of the most used materials within the extrusion coating market and there are few good reasons for this: First of all, LDPE has a number of characteristics that allow it to have a wide use, namely flexibility, tensile impact strength, and low-temperature processability. They are highly useful for packaging where better sealability and high moisture barrier characteristics are desirable for product and package preservation. Third, LDPE also has high processability, and this makes it easy to be extruded to substrates for paper, board, and films. This multifunctional characteristic makes it applicable in virtually all forms of packaging such as food packaging, liquid packaging or any packaging that requires plastic films. Another reason for the popularity of the material is its reasonable price, which makes it very competitive considering the other similar materials available on the market.
"Europe is likely to account for the second largest share of extrusion coating market in terms of value."
Europe region dominates the extrusion coating market owing to some drivers as described below. Firstly, Europe is having a strong and developed industrial platform especially in packaging, automotive, construction, and medical fields which are among the major end user of extrusion coatings. A major advantage of the region is that is advanced in technology innovation and thus the technologies used in extrusion coating are of high standard and efficiency. Further, European countries offer an excellent base for research and development, signified by immense capital invested in new technologies and material. Such a constant emphasis on R&D results in development of innovative products, which in turn helps European manufacturers to have a competitive edge around the globe. Additionally, the fact that some of the market giants are located in the region, as well as skilled human resource, make the region reputed.
Interviews:
- By Company Type: Tier 1 - 33%, Tier 2 - 40%, and Tier 3 - 27%
- By Designation: C Level - 21%, D Level - 23%, and Others - 56%
- By Region: North America - 37%, Europe - 23%, Asia Pacific - 26%, Middle East & Africa - 10% and South America - 4%
The key companies profiled in this report are LyondellBasell Industries Holdings B.V. (Netherland), Dow (US), SABIC (Saudi Arabia), and Exxon Mobil Corporation (US).
Research Coverage:
The extrusion coating market has been segmented based on material type (LDPE, EVA, PP, PET, and Others), Substrate (Paper, Paperboard, Aluminium Foil, Polymer films, and Others), Application (Packaging, Photographic, and Others) and by Region (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
This report provides insights on the following pointers:
- Analysis of key drivers (Growing demand from packaging industry, increasing use of extrusion coating in diverse end-use industries) restraints (Volatility in prices of raw materials), opportunities (Bio-Based substitutes and advancement in multilayer coatings), and challenges (Implementation of stringent regulatory policies, Significant competition posing challenges for new entrants) influencing the growth of the extrusion coating market.
- Product Development/Innovation: Detailed insight into upcoming technologies, research & development activities, and new product launches in the extrusion coating market.
- Market Development: Comprehensive information about markets - the report analyses the extrusion coating market across varied regions.
- Market Diversification: Exclusive information about the new products & services untapped geographies, recent developments, and investments in the extrusion coating market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like LyondellBasell Industries Holdings B.V. (Netherland), Dow (US), SABIC (Saudi Arabia), and Exxon Mobil Corporation (US) among other in the adhesive tapes market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 UNITS CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of primaries
- 2.1.2.3 Key primary interview participants
- 2.1.2.4 Key industry insights
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 MARKET FORECAST
- 2.3.1 SUPPLY-SIDE ANALYSIS
- 2.3.2 DEMAND-SIDE ANALYSIS
- 2.4 FACTOR ANALYSIS
- 2.5 DATA TRIANGULATION
- 2.6 RESEARCH ASSUMPTIONS
- 2.7 RESEARCH LIMITATIONS
- 2.8 GROWTH RATE ASSUMPTIONS
- 2.9 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EXTRUSION COATING MARKET
- 4.2 EXTRUSION COATING MARKET, BY MATERIAL TYPE
- 4.3 EXTRUSION COATING MARKET, BY SUBSTRATE
- 4.4 ASIA PACIFIC EXTRUSION COATING MARKET, BY APPLICATION AND COUNTRY
- 4.5 EXTRUSION COATING MARKET: DEVELOPED VS. DEVELOPING ECONOMIES
- 4.6 EXTRUSION COATING MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increasing demand in food & beverages industry
- 5.2.1.2 Expanding automotive and construction industries
- 5.2.2 RESTRAINTS
- 5.2.2.1 Environmental concerns associated with non-biodegradable and non-recyclable materials used in extrusion coatings
- 5.2.2.2 Fluctuating raw material prices
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Development of bio-based and eco-friendly coatings
- 5.2.3.2 Advancements in multilayer coating technology
- 5.2.3.3 Rising use of nano-coating technologies to enhance durability of aluminum-extruded profiles
- 5.2.4 CHALLENGES
- 5.2.4.1 Focus on reducing carbon footprint
- 5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 THREAT OF SUBSTITUTES
- 5.3.2 BARGAINING POWER OF BUYERS
- 5.3.3 THREAT OF NEW ENTRANTS
- 5.3.4 BARGAINING POWER OF SUPPLIERS
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.4.2 BUYING CRITERIA
- 5.5 MACROECONOMICS INDICATORS
- 5.5.1 INTRODUCTION
- 5.5.2 GDP TRENDS AND FORECAST
- 5.5.3 TRENDS IN GLOBAL PACKAGING INDUSTRY
6 INDUSTRY TRENDS
- 6.1 SUPPLY CHAIN ANALYSIS
- 6.2 ECOSYSTEM ANALYSIS
- 6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 6.4 PRICING ANALYSIS
- 6.4.1 AVERAGE SELLING PRICE TREND, BY REGION
- 6.4.2 AVERAGE SELLING PRICE TREND, BY MATERIAL TYPE
- 6.4.3 AVERAGE SELLING PRICE TREND, BY SUBSTRATE
- 6.4.4 AVERAGE SELLING PRICE TREND, BY APPLICATION
- 6.4.5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
- 6.5 TRADE ANALYSIS
- 6.5.1 EXPORT SCENARIO (HS CODE 390110)
- 6.5.2 IMPORT SCENARIO (HS CODE 390110)
- 6.6 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH
- 6.6.1 RUSSIA-UKRAINE WAR
- 6.6.2 CHINA
- 6.6.2.1 Lowering growth trajectory due to declining investments
- 6.6.2.2 Environmental commitments
- 6.6.3 EUROPE
- 6.6.3.1 Political and economic instability in Germany
- 6.6.3.2 Energy crisis in Europe
- 6.7 REGULATORY LANDSCAPE
- 6.7.1 REGULATIONS IMPACTING EXTRUSION COATING MARKET
- 6.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 6.8 PATENT ANALYSIS
- 6.9 CASE STUDY ANALYSIS
- 6.9.1 ENHANCEMENT OF BARRIER PROPERTIES AND ENVIRONMENTAL IMPACT THROUGH BIO-BASED COATINGS AND ACTIVE PAPER TECHNOLOGIES
- 6.9.2 ADVANCEMENTS IN EXTRUSION COATINGS FOR COST-EFFICIENT AND SUSTAINABLE BATTERY PRODUCTION
- 6.9.3 OPTIMIZATION OF EXTRUSION COATING PROCESS FOR LDPE, LLDPE, AND M-LLDPE GRADES
- 6.10 TECHNOLOGY ANALYSIS
- 6.10.1 KEY TECHNOLOGIES
- 6.10.1.1 Multilayer coextrusion
- 6.10.1.2 Inline coating and lamination
- 6.10.2 COMPLEMENTARY TECHNOLOGIES
- 6.10.2.1 Autoclave extrusion
- 6.10.3 ADJACENT TECHNOLOGIES
- 6.10.3.1 Tubular extrusion
- 6.11 IMPACT OF AI/GEN AI ON EXTRUSION COATING MARKET
- 6.12 KEY CONFERENCES AND EVENTS, 2024-2025
- 6.13 INVESTMENT AND FUNDING SCENARIO
7 EXTRUSION COATING MARKET, MATERIAL TYPE
- 7.1 INTRODUCTION
- 7.2 LOW-DENSITY POLYETHYLENE (LDPE)
- 7.2.1 HIGH VERSATILITY AND EXCELLENT MOISTURE BARRIER PROPERTIES TO DRIVE DEMAND
- 7.3 ETHYLENE VINYL ACETATE (EVA)
- 7.3.1 EXCELLENT ADHESION, FLEXIBILITY, AND HEAT-SEALING PROPERTIES TO FUEL DEMAND
- 7.4 POLYPROPYLENE (PP)
- 7.4.1 HIGH MELTING POINT, CHEMICAL RESISTANCE, VERSATILITY, AND SUPERIOR BARRIER PROPERTIES TO DRIVE ADOPTION
- 7.5 POLYETHYLENE TEREPHTHALATE (PET)
- 7.5.1 EXCEPTIONAL BARRIER PROPERTIES, OPTICAL CLARITY, AND RECYCLABILITY TO PROPEL DEMAND
- 7.6 OTHER MATERIAL TYPES
8 EXTRUSION COATING MARKET, BY SUBSTRATE
- 8.1 INTRODUCTION
- 8.2 PAPER
- 8.2.1 LIGHTWEIGHT, RECYCLABILITY, AND BIODEGRADABILITY PROPERTIES TO DRIVE DEMAND
- 8.3 PAPERBOARD
- 8.3.1 ABILITY TO ENHANCE BARRIER PROPERTIES TO PROPEL DEMAND
- 8.4 ALUMINUM FOILS
- 8.4.1 VERSATILITY, LIGHTWEIGHT, AND THERMAL CONDUCTIVITY PROPERTIES TO DRIVE ADOPTION
- 8.5 POLYMER FILMS
- 8.5.1 EXCELLENT ADHESION, EASE OF PROCESSING, AND HIGH MELT STRENGTH TO DRIVE DEMAND
- 8.6 OTHER SUBSTRATES
9 EXTRUSION COATING MARKET, BY APPLICATION
- 9.1 INTRODUCTION
- 9.2 PACKAGING
- 9.2.1 INCREASED DEMAND FOR HIGH PRODUCT PROTECTION AND EXCELLENT VISUAL APPEAL TO DRIVE MARKET
- 9.2.1.1 Liquid packaging
- 9.2.1.2 Flexible packaging
- 9.2.1.3 Commercial packaging
- 9.3 PHOTOGRAPHIC
- 9.3.1 ABILITY TO ENHANCE DURABILITY AND IMAGE QUALITY TO DRIVE DEMAND
- 9.4 OTHER APPLICATIONS
10 EXTRUSION COATING MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 ASIA PACIFIC
- 10.2.1 CHINA
- 10.2.1.1 Rapid industrial and urbanization to drive market
- 10.2.2 INDIA
- 10.2.2.1 Expanding packaging industry to fuel market growth
- 10.2.3 JAPAN
- 10.2.3.1 Evolving food & beverages industry to drive demand
- 10.2.4 SOUTH KOREA
- 10.2.4.1 Growth of cosmetics industry to fuel demand
- 10.2.5 INDONESIA
- 10.2.5.1 Booming e-commerce industry to boost market growth
- 10.2.6 REST OF ASIA PACIFIC
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.1.1 Stringent regulatory landscape, technological advancements, and sustainability goals to drive market
- 10.3.2 ITALY
- 10.3.2.1 Increased demand for advanced packaging solutions to drive market
- 10.3.3 FRANCE
- 10.3.3.1 Expanding cosmetics industry to boost demand
- 10.3.4 UK
- 10.3.4.1 Growing automotive industry and adoption of electric vehicles (EVs) to drive market
- 10.3.5 SPAIN
- 10.3.5.1 Increasing demand for machinery & equipment, chemicals, manufactured goods, foodstuffs, and medical instruments to drive market
- 10.3.6 TURKEY
- 10.3.6.1 Rapid urbanization and diversification in consumer goods to propel market
- 10.3.7 REST OF EUROPE
- 10.4 NORTH AMERICA
- 10.4.1 US
- 10.4.1.1 Booming food & beverages industry to fuel market growth
- 10.4.2 CANADA
- 10.4.2.1 High demand in packaging industry to drive market
- 10.4.3 MEXICO
- 10.4.3.1 Expanding packaging industry to propel market
- 10.5 MIDDLE EAST & AFRICA
- 10.5.1 GCC COUNTRIES
- 10.5.1.1 Saudi Arabia
- 10.5.1.1.1 Increased government-led investments in chemical manufacturing and R&D to propel market
- 10.5.1.2 UAE
- 10.5.1.2.1 Increase in food processing activities to drive market
- 10.5.1.3 Rest of GCC Countries
- 10.5.2 SOUTH AFRICA
- 10.5.2.1 Growing manufacturing sector to propel market
- 10.5.3 REST OF MIDDLE EAST & AFRICA
- 10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.1.1 Rising adoption of extrusion coatings in packaging and cosmetics industries to fuel market growth
- 10.6.2 ARGENTINA
- 10.6.2.1 High demand for extrusion coating in flexible packaging industry to drive market
- 10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
- 11.1 OVERVIEW
- 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019-2024
- 11.3 MARKET SHARE ANALYSIS, 2023
- 11.4 MARKET RANKING ANALYSIS, 2023
- 11.5 REVENUE ANALYSIS, 2021-2023
- 11.6 COMPANY VALUATION AND FINANCIAL METRICS, 2023
- 11.7 BRAND/PRODUCT COMPARISON
- 11.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 11.8.1 STARS
- 11.8.2 EMERGING LEADERS
- 11.8.3 PERVASIVE PLAYERS
- 11.8.4 PARTICIPANTS
- 11.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 11.8.5.1 Company footprint
- 11.8.5.2 Material type footprint
- 11.8.5.3 Application footprint
- 11.8.5.4 Substrate footprint
- 11.8.5.5 Region footprint
- 11.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 11.9.1 PROGRESSIVE COMPANIES
- 11.9.2 RESPONSIVE COMPANIES
- 11.9.3 DYNAMIC COMPANIES
- 11.9.4 STARTING BLOCKS
- 11.9.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 11.9.5.1 List of key startups/SMEs
- 11.9.5.2 Competitive benchmarking of key startups/SMEs
- 11.10 COMPETITIVE SCENARIO
- 11.10.1 PRODUCT LAUNCHES
- 11.10.2 DEALS
- 11.10.3 EXPANSIONS
- 11.10.4 OTHERS
12 COMPANY PROFILES
- 12.1 KEY PLAYERS
- 12.1.1 DOW
- 12.1.1.1 Business overview
- 12.1.1.2 Products/Solutions/Services offered
- 12.1.1.3 Recent developments
- 12.1.1.4 MnM view
- 12.1.1.4.1 Key strengths/Right to win
- 12.1.1.4.2 Strategic choices
- 12.1.1.4.3 Weaknesses/Competitive threats
- 12.1.2 CELANESE CORPORATION
- 12.1.2.1 Business overview
- 12.1.2.2 Products/Solutions/Services offered
- 12.1.2.3 Recent developments
- 12.1.2.4 MnM view
- 12.1.2.4.1 Key strengths/Right to win
- 12.1.2.4.2 Strategic choices
- 12.1.2.4.3 Weaknesses/Competitive threats
- 12.1.3 CHEVRON PHILLIPS CHEMICAL COMPANY LLC
- 12.1.3.1 Business overview
- 12.1.3.2 Products/Solutions/Services offered
- 12.1.3.3 Recent developments
- 12.1.3.4 MnM view
- 12.1.3.4.1 Key strengths/Right to win
- 12.1.3.4.2 Strategic choices
- 12.1.3.4.3 Weaknesses/Competitive threats
- 12.1.4 BOREALIS AG
- 12.1.4.1 Business overview
- 12.1.4.2 Products/Solutions/Services offered
- 12.1.4.3 Recent developments
- 12.1.4.3.1 Deals
- 12.1.4.3.2 Expansions
- 12.1.4.4 MnM view
- 12.1.4.4.1 Key strengths/Right to win
- 12.1.4.4.2 Strategic choices
- 12.1.4.4.3 Weaknesses/Competitive threats
- 12.1.5 EXXON MOBIL CORPORATION
- 12.1.5.1 Business overview
- 12.1.5.2 Products/Solutions/Services offered
- 12.1.5.3 Recent developments
- 12.1.5.3.1 Product launches
- 12.1.5.3.2 Expansions
- 12.1.5.4 MnM view
- 12.1.5.4.1 Key strengths/Right to win
- 12.1.5.4.2 Strategic choices
- 12.1.5.4.3 Weaknesses/Competitive threats
- 12.1.6 DUPONT
- 12.1.6.1 Business overview
- 12.1.6.2 Products/Solutions/Services offered
- 12.1.6.3 Recent developments
- 12.1.7 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
- 12.1.7.1 Business overview
- 12.1.7.2 Products/Solutions/Services offered
- 12.1.7.3 Recent developments
- 12.1.7.3.1 Deals
- 12.1.7.3.2 Expansions
- 12.1.8 QENOS PTY LTD
- 12.1.8.1 Business overview
- 12.1.8.2 Products/Solutions/Services offered
- 12.1.9 INEOS GROUP HOLDINGS S.A.
- 12.1.9.1 Business overview
- 12.1.9.2 Products/Solutions/Services offered
- 12.1.9.3 Recent developments
- 12.1.9.3.1 Expansions
- 12.1.9.3.2 Others
- 12.1.10 SABIC
- 12.1.10.1 Business overview
- 12.1.10.2 Products/Solutions/Services offered
- 12.2 OTHER PLAYERS
- 12.2.1 HANWHA SOLUTIONS CHEMICAL DIVISION CORPORATION
- 12.2.1.1 Products/Solutions/Services offered
- 12.2.2 WESTLAKE CORPORATION
- 12.2.2.1 Products/Solutions/Services offered
- 12.2.3 SCG CHEMICALS PUBLIC COMPANY LIMITED
- 12.2.3.1 Products/Solutions/Services offered
- 12.2.4 EASTMAN CHEMICAL COMPANY
- 12.2.4.1 Products/Solutions/Services offered
- 12.2.5 SK FUNCTIONAL POLYMER
- 12.2.5.1 Products/Solutions/Services offered
- 12.2.6 BASF SE
- 12.2.6.1 Products/Solutions/Services offered
- 12.2.7 HOLLAND MANUFACTURING COMPANY
- 12.2.7.1 Products/Solutions/Services offered
- 12.2.8 THE LUBRIZOL CORPORATION
- 12.2.8.1 Products/Solutions/Services offered
- 12.2.9 RELIANCE INDUSTRIES LIMITED
- 12.2.9.1 Products/Solutions/Services offered
- 12.2.10 SML MASCHINENGESELLSCHAFT MBH
- 12.2.10.1 Products/Solutions/Services offered
- 12.2.11 NOVA CHEMICALS CORPORATE
- 12.2.11.1 Products/Solutions/Services offered
- 12.2.12 LG CHEM
- 12.2.12.1 Products/Solutions/Services offered
- 12.2.13 CARMEL OLEFINS LTD.
- 12.2.13.1 Products/Solutions/Services offered
- 12.2.14 LOTTE CHEMICAL TITAN HOLDING BERHAD
- 12.2.14.1 Products/Solutions/Services offered
- 12.2.15 BRASKEM
- 12.2.15.1 Products/Solutions/Services offered
13 ADJACENT AND RELATED MARKETS
- 13.1 INTRODUCTION
- 13.2 LIMITATION
- 13.3 FLEXIBLE PLASTIC PACKAGING MARKET
- 13.3.1 MARKET DEFINITION
- 13.3.2 MARKET OVERVIEW
- 13.4 FLEXIBLE PLASTIC PACKAGING MARKET, BY APPLICATION
- 13.5 FLEXIBLE PLASTIC PACKAGING MARKET, BY MATERIAL
- 13.6 FLEXIBLE PLASTIC PACKAGING MARKET, BY PACKAGING TYPE
- 13.7 FLEXIBLE PLASTIC PACKAGING MARKET, BY PRINTING TECHNOLOGY
- 13.8 FLEXIBLE PLASTIC PACKAGING MARKET, BY REGION
14 APPENDIX
- 14.1 DISCUSSION GUIDE
- 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 14.3 CUSTOMIZATION OPTIONS
- 14.4 RELATED REPORTS
- 14.5 AUTHOR DETAILS